Title update 12 was supposed to be the end, but it's not dead yet.
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Today, Ubisoft's Massive studio just committed to delivering about two more years worth of content for Tom Clancy's The Division 2. The recently-released Title Update 12 was supposed to be the last hurrah for the game, but it seems as though Ubisoft isn't quite finished with it yet.

Now, according to a tweet that was sent out today, Massive will be offering "fresh content" that will release "later in 2021." They are currently in the early stages of development on this content, whatever it may end up being.

"While it is still too early to go into more details today, you won't have to wait too long, as we will share more as soon as we can. In the meantime, we again want to send a heartfelt thank you for your continued support through The Division 2 post-launch period. We cannot stress enough how much this means to us."
Title Update 12 went live in December and with it began the fourth season for The Division 2. It was entitled "End of Watch" and had players hunting down Faye Lau after she joined the evil Black Tusk group.

Yves Guillemot, during the latest Ubisoft earnings call, said that they will be producing content for The Division 2 "this year and the year after." Hopefully we're looking at something rather robust for fans of the game.

Massive has also been busy working on a new Avatar game and a new Star Wars game for Ubisoft.